this is the drop i have been waiting for

[jubalix]

still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

[Xardasim]

still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

This market cycles are repeating itself over time to time. There is no doubt that this correction will continue for a long time. So let's use this advantage before it gonna be disappeared on market. Bottom is 6000$ level in my opinion. Keep buying with small amounts till 6000$ support level.

[arpon11]

still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

I was thinking that bitcoin will go up since yesterday only to find out that bitcoin is getting seriously dropping. If the current bearish momentum continue then bitcoin may test 200 MA at $7500 and if that point hold then we would witness revise and the bullish momentum may resume. I have tried to hold till now and I will not sell off even if bitcoin full to $4,000.

[greensheep]

 I was thinking that bitcoin will go up since yesterday only to find out that bitcoin is getting seriously dropping. If the current bearish momentum continue then bitcoin may test 200 MA at $7500 and if that point hold then we would witness revise and the bullish momentum may resume. I have tried to hold till now and I will not sell off even if bitcoin full to $4,000.
[/quote]

Yez, tought the same thing; 9500 seemed like the a big resistance, but the wall got eaten pretty quickly --> india news?
9300 is now holding. edit\ was holding...
need some resistance breaking.... 10300 was not broken last night...

[alyssa85]

still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

Bitcoin is still within two channels. The lower support line is around about $3130. The higher support line is around $7500. We are at around $9100 at the moment, so still not in the danger area.

[Fazlurkhan.kz]

I just wish that drop happens some time soon as I've been waiting to invest more in bitcoin when it drops further. I had sold all my btc when it reached 17k last year. And I've been waiting for it to drop real low to invest in it again.
I only wish so because we have seen in bitcoins history that whatever be the percentage of fall, bitcoin always seems to astonish people and the investors by regaining its original position. And that's at the top.

[tokeweed]

You can't really compare 2013's drop with the one now.  They're two totally different scenarios.  But then you can't really count out BTC going 5x down to 4000 USD either...  Is it time to panic now? 

[1Referee]

I am a happy Euro buyer. Euro value versus the US dollar has been increasing significantly lately, and now the Bitcoin price is decreasing as well. It basically means that it's a winning situation on top of another winning situation for me. I am buying in smaller parts on the way down, and will continue doing so till the bottom is reached. It's impossible to guess what the bottom will be, but I'll just let the market surprise me. If the $9000 level holds, we might be up for another bounce up, but if not, then we will *probably* have our next target at lower $8000's.

[Kemarit]

I agree with the OP, this is the perfect time that we all have been waiting for. Anything that is < $10,000 is a good price to get in my opinion. Been out for a couple of days and I'm glad that I was able to see this good opportunity. I was surprise though how quick the price fall from $10,000->$9300 in matter of hours. I'm sure that those manipulators are working their magic and we need to ride with them. Again, I will not wait for the bottom because we really don't know what will the price. I'll just buy in small amounts and see how it goes in the next couple of hours. I have a feeling that $9000 levels will be broken, if I'm right then buy more, if not, at least I was able to stash with the current price. Win-win situation.

[digaran]

If price went down X5 back in 2013, difficulty of mining didn't go down, now not just Bitcoin and mining, all the coins and tokens are moving down.
For somebody like me this is hell, I bought at $20,000 hoping to sell higher, price has been dropping ever since.
Let me show you some  thing on price.

In 2/2/2014 Bitcoin price: $836
2/2/2015: $220
2/2/2016: $380
2/2/2017: $1000
2/2/2018: $8900
2/2/2019: $3000?
2/2/2020: $5000?
2/2/2021: $50,000?

[MNDan]

If price went down X5 back in 2013, difficulty of mining didn't go down, now not just Bitcoin and mining, all the coins and tokens are moving down.
For somebody like me this is hell, I bought at $20,000 hoping to sell higher, price has been dropping ever since.
Let me show you some  thing on price.

In 2/2/2014 Bitcoin price: $836
2/2/2015: $220
2/2/2016: $380
2/2/2017: $1000
2/2/2018: $8900
2/2/2019: $3000?
2/2/2020: $5000?
2/2/2021: $50,000?

You will be happy within 2 years. No worries - I've been a top-finder before. Sucked for a while but I'm happy now... :-) HODL!

[lite]

I agree with the OP, this is the perfect time that we all have been waiting for. Anything that is < $10,000 is a good price to get in my opinion. Been out for a couple of days and I'm glad that I was able to see this good opportunity. I was surprise though how quick the price fall from $10,000->$9300 in matter of hours. I'm sure that those manipulators are working their magic and we need to ride with them. Again, I will not wait for the bottom because we really don't know what will the price. I'll just buy in small amounts and see how it goes in the next couple of hours. I have a feeling that $9000 levels will be broken, if I'm right then buy more, if not, at least I was able to stash with the current price. Win-win situation.

Bitcoin is down to $8600 now, i have a buy order at $8k( i hope it fills). if i'd waited more and bought BTC now instead of at $10k, i could've have gotten $1400 discount or more coins lol.

[paniczklos]

still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

This market cycles are repeating itself over time to time. There is no doubt that this correction will continue for a long time. So let's use this advantage before it gonna be disappeared on market. Bottom is 6000$ level in my opinion. Keep buying with small amounts till 6000$ support level.

Hello fellow $6k'er Still more or less accurate since Jan 17th

https://www.tradingview.com/chart/BTCUSD/yxWle1He-Mid-term-xbt/

[cipher-x_09]

I know it sucks especially for those who are wanting to sell their bitcoin and still waiting for the price increase. But  this served as a good opportunity now that it has decrease to 10,000 USD mark that it is now 9,000, I am just hoping that the price will recover even just a little bit for example back to 11 to 13k, just so I can sell some of my bitcoin.

[el kaka22]

still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

I was thinking that bitcoin will go up since yesterday only to find out that bitcoin is getting seriously dropping. If the current bearish momentum continue then bitcoin may test 200 MA at $7500 and if that point hold then we would witness revise and the bullish momentum may resume. I have tried to hold till now and I will not sell off even if bitcoin full to $4,000.

Except for traders doing swing trading and probably some nonentities who after holding till this point, ended up selling, I really do not see much people selling that much again. The bear momentum is getting weak gradually in my opinion and sure, the chances of seeing the test on the 200 MA line may be there, but we may possibly get a reverse before then or basically at that point, so, I do not see use getting any close to $4k as that won't be a good signal at all. Based on history though, we have always seen reversal on 100 MA, unfortunately, not this time.

[trickyriky]

still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

Many guys were really waiting for this drop. Now the chance to buy BTC and altcoins for less has appeared. Use it!

[timerland]

still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

It could continue dropping.

I'd still like to see whether or not bitcoin is able to go above $10k once again and stay there and stabilize. I'm betting on that happening. If not, then there is a high chance that we may go down to $7k and temporarily rest there. Markets are too volatile, though. So it's hard to say for sure.

I'm leaning towards buying at the moment because of the fact that all cryptocoins are just absolutely cheap as hell. Even if you're doing a short term trade you could easily flip $8.7k per bitcoin into $10k per bitcoin. After the dumps, there will be pumps.

[mostkey]

I know it sucks especially for those who are wanting to sell their bitcoin and still waiting for the price increase. But  this served as a good opportunity now that it has decrease to 10,000 USD mark that it is now 9,000, I am just hoping that the price will recover even just a little bit for example back to 11 to 13k, just so I can sell some of my bitcoin.

this is what it says that if investing we have to use unused money. so we can forget what we investasika if the price goes down. even if possible we can buy more bitcoins at lower prices. because this is the right time to buy

[DK13]

If price went down X5 back in 2013, difficulty of mining didn't go down, now not just Bitcoin and mining, all the coins and tokens are moving down.
For somebody like me this is hell, I bought at $20,000 hoping to sell higher, price has been dropping ever since.
Let me show you some  thing on price.

In 2/2/2014 Bitcoin price: $836
2/2/2015: $220
2/2/2016: $380
2/2/2017: $1000
2/2/2018: $8900
2/2/2019: $3000?
2/2/2020: $5000?
2/2/2021: $50,000?

You miss very important aspect for the price.  Yes the bitcoin price kept falling and rising over and over again. But I don't believe bitcoin will hit 50k in 2020. Don't forget worlwide  economy trend. During these years worldwide economy has boosted. But it is expected to have a crisis in 2020. Therefore once world economy starts to fall, people won't have a lot of buying power and very little money will flow into cryptos - Therefore no demand no price increase. I see worst cryptos times in 2020

[babygun]

still dropping.....whats the bottom?

it went

5x down in 2013 so ? 20k ---> 4K?

It could continue dropping.

I'd still like to see whether or not bitcoin is able to go above $10k once again and stay there and stabilize. I'm betting on that happening. If not, then there is a high chance that we may go down to $7k and temporarily rest there. Markets are too volatile, though. So it's hard to say for sure.

I'm leaning towards buying at the moment because of the fact that all cryptocoins are just absolutely cheap as hell. Even if you're doing a short term trade you could easily flip $8.7k per bitcoin into $10k per bitcoin. After the dumps, there will be pumps.

The $10k mark had strong support, but has been broken yesterday and today price is not bouncing back but dropping further. I would expect to see a further drop to $5000 or even lower if this trend continues.